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Search Results 0 to 17 of about 18 (some duplicates have been removed)
it means for the eu debt crisis. what does brussels make of the vote so far? is austerity out? >> there are no official comment yet, but you can rest assured that everyone is watching very closely. brussels has been very concerned and worried about the potential return to power of silvio burlesconi. they have been working very closely together this past year to get in back on its feet. italy, like we have heard before, is a very important player in europe, the third biggest contributor to the euro budget and one-fifth of the rescue aid comes from realm. the concern is that if silvio burlesconi returns to power, that risks plunging the entire eurozone into chaos again. plus, the european project could come to a standstill. one message has been received here in brussels. more than half of the italians voted for the euro-sceptic populist. one of them, they will have to deal with in the next government that will be formed. >> nina, thank you for the update from brussels. the outcome of the italian elections has been weighing heavily on financial markets. our correspondent from fra
a goal for the european union. after years of very little progress, the e appears to -- the eu appears to have an ally in what has. >> president obama announced the start of trade negotiations on a trade deal. brussels said talks could begin before summer. if successful, those negotiations would result in the biggest financial trade deal ever. >> the eu and u.s. already trade some 2 billion euros worth of goods and services every day. about 1/3 of total global commerce. president obama wants to bring that commerce into what would be the world's biggest free trade zone. the european commission says that would have world wide applications. >> which translates into tens of billions of euros every year and tens of thousands of new jobs. this offers us a great perspective at a time when we are gradually making our way to recovery. most important of all, it is a boost to our economies that does not cost 1 cent of taxpayer money. >> both sides stand to benefit. economists to warn that negotiations will be tough. the eu and washington disagree on issues ranging from industrial trade barriers a
for the river and an island for the city. >> 1 trillion euros -- that's roughly how much the eu countries lose every year to tax evasion. brussels is not amused, not least because the euro crisis is far from over. now europe is looking for ways to more effectively track down and penalize tax dodgers. in italy, tax collecting is done by the finance police, the guardia de finanza. employees often used dubious methods when chasing down tax defaulters. the tax collectors work on commission. the more people they catch, the better for them. that is putting pressure on ordinary italians, especially small and medium-size companies. >> it was a spectacular protest against italy's new tax laws. the owner of a small beach bar scaled the dome of st. peter's basilica in rome and stayed put for some 24 hours. when he climbed back down, he was greeted by a cheering crowd. [applause] >> i really hope this tax issue is resolved soon and our small businesses as well as the whole economy can pick up again, at least a little. >> the tax measures by italy's technocrat government under the prime minister are anothe
at the new eu agreement to cap bonuses. it is aimed at a re-piece of the financial crisis. >> those in favor say it will address public anger about the role played by the banks and the economic meltdown. those against it, notably britain's -- britons, say that it will drive talent out of europe. >> the talks took more than 10 months. negotiators managed to clinch the deal despite opposition from the uk. at present, bankers can receive bonuses of as much as 20 times their basic salary. under the new rules, which can come into effect next year, they could be -- capped at one year's salary. >> most important thing is that banks will be stabilized, that a are better able to withstand the crisis -- that they are better able to withstand the crisis. >> it shows we are implementing what we learned from the financial crisis. >> critics say bonuses can encourage bankers to take unjustifiable risks in order to make more money. some say such behavior caused the financial and banking crisis. from now on, banks will also have to hold more capital as a buffer against any future crisis, a move intended to
for italy's election. we'll get a check on europe's growth process spengts for the eu forecast. we'll head live to brussels for a live press conference. in other news, boeing is set to unveil a plan to help its troubled dreamliner to take flight today. and we're rolling out the red carpet. we'll head to tinsel town to the biggest night in hollywood. find out which films are tipped to win big at this year's oscars. fears are mounting that an inconclusive election this weekend could undermine the euro and set back markets in italy. hans, as we edge closer to that event, polls open sunday and they close on monday. we've seen the two-day sell off. is it related to the outcome here? >> well, i think the italian election has had an impact on market performance for the past few weeks. i guess that markets became much more cautious in investing in the debt market in italy and maybe as well as the debt market in spain, the cause of the potential inflation risk here. now, if we are getting an election result which markets may like, then the very clear majority left and under those circumstances, you
historic when we accomplish it. that is to start the work on a u.s. e.u. trans-atlantic trade that investment or airship to grow prosperity on both sides of the atlantic. it is no secret that we both faced economic challenges. we all do in this new marketplace, and a global challenge the marketplace. the fact is that europe freestanding aloud is the largest economy in the world and when you join that together with the united states of america, we have a powerful ability to be able to affect the rules of the road and to be able to raise standards and most importantly create jobs for all of our people. europe is already america's largest trading partner. a disagreement will create more jobs for additional investment and nasty note earlier this month, president obama made it clear this is a top priority for the united states. we also discussed the responsibility that we share to support fragile democracies across the world, across the monograph from libya to tunisia and beyond. i say to our friends here in the united kingdom, it is in our mutual interest to see that these fledgli
, if the u.n. comes in line of the eu position of the help to rebels but he would not divulge. it's a busy, busy week in rome, tamron. >> thank you. greatly appreciate. >>> and several fans and stars have come to the defense of child actress quvenzhane wallis after she was brutally insulted by the website the onion. the site since deleted the offensive tweet. now apologizing. we'll tell you what the onion posted. toure will join us. ♪ alright, let's go. ♪ shimmy, shimmy chocolate. ♪ shimmy, shimmy chocolate. ♪ we, we chocolate cross over. ♪ yeah, we chocolate cross over. ♪ [ male announcer ] introducing fiber one 80 calorie chocolate cereal. ♪ chocolate. your doctor will say get smart about your weight. i tried weight loss plans... but their shakes aren't always made for people with diabetes. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. and they have six grams of sugars. with fifteen grams of protein to help manage hunger... look who's getting smart about her weight. [ male announcer
, but not much more than that. the eu is providing non-legal aid, i am wondering if the u.s. is considering this? and if you are ceding influence for the ron. afghanistan has asked u.s. troops to leave the province and i think within two weeks, can we get your comment on that? >> with respect to afghanistan, i understand the concerns they have expressed. appropriately, when a complaint they may have thought to be appropriately evaluated. they will be, i assure you. i have taken appropriate note and i have had a great deal of involvement in afghanistan with president karzai. there are evaluations of how things might have gone wrong or might have changed. we are working on a bilateral security arrangement and this transition process. we have had a very good conversation with the president. president obama talked to him before making announcements. we have listened very carefully to his observations about wanting to speed up the transition with respect to management of security. i can assure you that we are finely attuned to the needs of the afghan people, and the most effective ways to make this t
will barely grow for the whole of the 27 nation eu. they will contract again in 2013. sign number three provided by the federal reserve bank of st. louis, james bullard today on squawk box. >> it is very easy and it will stay easy for a long time. i think policy is much easier than it was last year because i think that the outright purchases are more potent tool than the twist program was, and we replaced the twist program with the outright purchases. i don't think the market has absorbed that switch. >> giving you their analysis of those signs in a moment. but first, let's focus on the price action we have heading into the weekend. bob pisani has that. >> remember we started falling apart when we had the fed minutes at 2:00 p.m. wednesday. that's when the market changed and it changed around when bullard said they would stay for a long time. i think bernanke will imply that next week in his testimony. take a look at the dow. this is what you saw throughout january into february, up until wednesday. slow melt up into the afternoon again. starting to get close to the historic highes. loo
of government. and the times of london picked up on this piece. a new plan for the eu. the big international news is that the president announced 34,000 troops in afghanistan will come home in a year. >> tonight i can announce that over the next year, another 34,000 american troops will come home from afghanistan. this drawdown will continue and by the end of next year or war in afghanistan will be over. [ applause ] >> i want to bring in richard engel. welcome to both of you. >> nice to be here. again, second in a row. >> let's talk about foreign affairs that had been telegraphed by the white house. he talked about afghanistan, a very brief mention of the middle east. what kind of reaction are you hearing across this part of the world? >> not a great reaction. not much reaction at all. he barely mentioned the middle east. i think people in the middle east had been look iing for a little bit more u.s. leadership on syria. and there's a recognition in the region that syria is a black hole that could suck the other countries into. it. and all the president said was, we continue to oppose assad
driven by growth worries coming out of the eu. take a quick look at the damage that's brought in terms of the currency board. the euro over here, there we go, dooits it's down about 0.8%. as for sterling that's also weaker, but just a little bit. the dollar did strengthen significantly after the fed yesterday. everyone is saying it's an overreaction to the fed minutes. we know that what they'ring god is conditions don't stay put. >>> back over here, citi's chairman is not seeking a break-up of the bank. a story in today's wall street journal says michael o'neill was among those encouraging investors not to break up the bank. he is backing abroad cost cutting plans, but exploring a break-up is no longer said to be among his top priorities. >>> and top equity firm sports ing represents tennis players and lots of people including super model giselle bundchen. back in the day owned roger federer. the decision to sell has been driven by the trustee who own tess state of the former ceo and chairman. peemp say it could fetch mother than $2 billion, but there's a huge fight going on among the
some of the things necessary to live up to their commitment to the eu. does this throw a wrench into the works? >> i think we should be thinking about it. the somewhat untold story is that -- >> you heard of this guy before this? >> absolutely. >> was he funny. >> he's funny. it would be a little bit like -- >> jackie mason? >> no -- >> seinfeld. >> robin williams or somebody. he was big in the '80s this guy. he also has been a big part of the political satire, all the rest of it. very, very bright guy. but you know, it's almost an a listic party. it's july real just truly a protest vote. to my knowledge it's gotten over 25% of the vote, the latest thing i've seen. monti is the best of the best. i honestly believe that is one of the, you know, on democracies it's easier to give stuff away. >> two years ago he had just started and i asked why are these pictures of monti in a beach chair. and they all said send monti to the beach. that was two years ago. >> yeah, he's only been in there a group -- grillo is moving. five-star movement is only three years old. it's a very organized,
Search Results 0 to 17 of about 18 (some duplicates have been removed)

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